Regions Equipment Finance Builds Technology Solutions Platform, Cannon to Lead

Regions Equipment Finance is expanding its specialty capabilities to include a new technology solutions platform and team. Jay Cannon, a 40-year banking veteran who recently joined the company, will lead the new platform and serve as Regions Equipment Finance’s technology solutions market manager and south-central technology solutions relationship partner.

Regions Equipment Finance’s new technology solutions platform will deliver both financing and leasing options with a focus on empowering businesses to maximize efficient operations through technology while building long-term growth and navigating today’s complex, technology-driven business landscape.

“Technology solutions will continue to be one of the fastest-growing segments of the equipment finance industry, and by welcoming Jay Cannon and his team, Regions Bank and REFCO are well positioned to meet even more needs for clients seeking custom-tailored advice, guidance and solutions,” Will Perry, managing director and head of Regions Equipment Finance, said. “As companies continue to digitize, move to cloud-based operations and improve digital security, our team will provide leading-edge insights, helping clients guard against obsolescence while leveraging best practices designed to support and enhance their operations not only today, but also well into the future.”

Prior to joining Regions, Cannon served as eastern region manager for U.S. Bank’s technology finance group. He began his career with Graybar Electric and moved into the finance industry with First U.S. Financial in 1981. Cannon has also served in leadership roles with Bombardier Technology Management Finance, Mellon U.S. Leasing and IBM Credit.

Cannon will be joined by Mark Moro and Riley Thompson, who also previously worked for U.S. Bank’s technology finance group. Together, the team has more than 100 years of banking and relationship management experience with roots in equipment and technology financing. Prior to U.S. Bank, Moro worked in the technology industry supporting leasing and project financing. Thompson met business banking needs for clients during more than 20 years at U.S. Bank.

The new technology solutions platform and team represent Regions Equipment Finance’s sixth specialized segment group. The company’s other groups include equipment finance and leasing; solar tax equity; government, institutional and tax-exempt financing; equipment syndications; and asset portfolio management.

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